RISK ANALYST

at  Regent Bank

SUMMARY:

The Risk Analyst will work directly with the Manager of BSA Special Programs in the evaluation, review, and ongoing due diligence of potential and current FinTech partners.

EDUCATION AND/OR EXPERIENCE:

• Bachelor’s degree required & Masters/MBA preferred
• Minimum of two (2) years of new account experience preferred
• AML/BSA experience with a financial institution preferred
• Cannabis banking experience preferred

KNOWLEDGE/SKILLS/ABILITIES:

• Proficiency of Microsoft Office applications (Excel, Word, PowerPoint)
• Excellent verbal and written communication skills
• Strong analytical skills required
• Familiarity of financial software
• Ability to manage multiple tasks concurrently, work under pressure, and prioritize as business needs dictate
• Strong attention to detail and organizational skills
• Strong customer service skills and the ability to handle difficult client scenarios
• Ability to handle ambiguity while driving results
• All candidates will be required to complete a pre-employment background, credit, and drug screening

PHYSICAL REQUIREMENTS:

• Specific vision abilities required by this job include close vision and the ability to adjust focus.
• Sitting for long periods of time.

• Evaluate new business initiatives from FinTech partners and participate in complex projects to identify potential compliance risk and risk mitigation activities.
• Participate in compliance analysis, including assessing risk ratings and recommending remediation plans.
• Assess FinTech applications by reviewing legal, financial, and investor documents to provide in-depth recommendations of approval.
• Analyze the FinTech portfolio on a regular basis to identify outlying risk and/or non-compliance.
• Utilize relationships and lines of communication with various business units across the organization, including all FinTech partners and clients.
• Develop in-depth working knowledge of business products, services, processes, and strategies.
• Track key metrics to answer critical business questions about FinTech program performance.
• Prepare formal reporting to internal committees, management, the Board of Directors, and external bank partners as requested or needed.
• Work with Synctera, Paybotic, etc. and other vendors to ensure program compliance.
• Help address FinTech partner issues and inquiries.
• Complete assignments and projects as assigned by Manager of Special Programs.
• Identify process improvements and present updated proposals.
• Audit cannabis related FinTech client accounts for SAR filing and submit SARs electronically per BSA filing.
• Maintain all records in accordance with compliance guidelines.
• Complete required training as outlined by Director, Leadership, and training team.